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Machine Safety Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

March 2023 | 143 pages | ID: M6BCADCFB4A6EN
IMARC Group

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The global machine safety market size reached US$ 5.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.5 Billion by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028.

Machine safety is an umbrella term for various devices and safeguards employed to protect machinery and its operators. Some of the most commonly used safety devices include emergency stop devices, safety sensors and interlock switches, protective clothing, safety curtain lights, presence sensor devices and safety controllers, relays and modules. They are designed to eliminate mechanical hazards to personnel by safeguarding moving parts, hot surfaces or sharp edges of machines that might cause serious workplace injuries or accidents. As a result, machine safety devices find extensive applications across various industries, including food and beverage (F&B), automotive, manufacturing, healthcare, electronics, semiconductor, power generation, and oil and gas.

Machine Safety Market Trends:
The rising emphasis on safety in the industrial sector and the increasing number of workplace accidents represent the primary factors driving the market growth. Additionally, governments of various countries and international organizations, such as the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC), are introducing stringent safety standards for machinery. This has led to an increased need for industries and manufacturing facilities to comply with these safety standards and regulations, which in turn is propelling the market growth. Besides this, the growing investments in the upgradation of existing machinery to enhance production capacity and the escalating demand for industrial automation products are accelerating the adoption of machine safety. Furthermore, the leading manufacturers are developing innovative product variants to improve machine safety, efficiency and reliability. Moreover, the advent of Industry 4.0, growing awareness regarding occupational safety among workers, widespread adoption of IoT solutions, rapid industrialization, and extensive research and development (R&D) activities are some of the other factors creating a positive market outlook.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global machine safety market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on implementation, component and end use industry.

Breakup by Implementation:

Individual Components
Embedded Components

Breakup by Component:

Presence Sensing Safety Sensors
Emergency Stop Devices
Safety Interlock Switches
Safety Controller/Modules/Relays
Others

Breakup by End Use Industry:

Automotive
Electronics and Semiconductors
Food and Beverages
Healthcare and Pharmaceuticals
Metals and Mining
Oil and Gas
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd, Banner Engineering Corp., Emerson Electric Co., Honeywell International Inc., IDEC Corporation, Keyence Corporation, Mitsubishi Electric Corporation, OMRON Corporation, Pilz GmbH & Co. KG, Rockwell Automation Inc., Schneider Electric SE, Sick AG and Siemens AG.

Key Questions Answered in This Report

1. What was the size of the global machine safety market in 2022?
2. What is the expected growth rate of the global machine safety market during 2023-2028?
3. What are the key factors driving the global machine safety market?
4. What has been the impact of COVID-19 on the global machine safety market?
5. What is the breakup of the global machine safety market based on the implementation?
6. What is the breakup of the global machine safety market based on the component?
7. What are the key regions in the global machine safety market?
8. Who are the key players/companies in the global machine safety market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL MACHINE SAFETY MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY IMPLEMENTATION

6.1 Individual Components
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Embedded Components
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY COMPONENT

7.1 Presence Sensing Safety Sensors
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Emergency Stop Devices
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Safety Interlock Switches
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Safety Controller/Modules/Relays
  7.4.1 Market Trends
  7.4.2 Market Forecast
7.5 Others
  7.5.1 Market Trends
  7.5.2 Market Forecast

8 MARKET BREAKUP BY END USE INDUSTRY

8.1 Automotive
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Electronics and Semiconductors
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Food and Beverages
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Healthcare and Pharmaceuticals
  8.4.1 Market Trends
  8.4.2 Market Forecast
8.5 Metals and Mining
  8.5.1 Market Trends
  8.5.2 Market Forecast
8.6 Oil and Gas
  8.6.1 Market Trends
  8.6.2 Market Forecast
8.7 Others
  8.7.1 Market Trends
  8.7.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1 North America
  9.1.1 United States
    9.1.1.1 Market Trends
    9.1.1.2 Market Forecast
  9.1.2 Canada
    9.1.2.1 Market Trends
    9.1.2.2 Market Forecast
9.2 Asia-Pacific
  9.2.1 China
    9.2.1.1 Market Trends
    9.2.1.2 Market Forecast
  9.2.2 Japan
    9.2.2.1 Market Trends
    9.2.2.2 Market Forecast
  9.2.3 India
    9.2.3.1 Market Trends
    9.2.3.2 Market Forecast
  9.2.4 South Korea
    9.2.4.1 Market Trends
    9.2.4.2 Market Forecast
  9.2.5 Australia
    9.2.5.1 Market Trends
    9.2.5.2 Market Forecast
  9.2.6 Indonesia
    9.2.6.1 Market Trends
    9.2.6.2 Market Forecast
  9.2.7 Others
    9.2.7.1 Market Trends
    9.2.7.2 Market Forecast
9.3 Europe
  9.3.1 Germany
    9.3.1.1 Market Trends
    9.3.1.2 Market Forecast
  9.3.2 France
    9.3.2.1 Market Trends
    9.3.2.2 Market Forecast
  9.3.3 United Kingdom
    9.3.3.1 Market Trends
    9.3.3.2 Market Forecast
  9.3.4 Italy
    9.3.4.1 Market Trends
    9.3.4.2 Market Forecast
  9.3.5 Spain
    9.3.5.1 Market Trends
    9.3.5.2 Market Forecast
  9.3.6 Russia
    9.3.6.1 Market Trends
    9.3.6.2 Market Forecast
  9.3.7 Others
    9.3.7.1 Market Trends
    9.3.7.2 Market Forecast
9.4 Latin America
  9.4.1 Brazil
    9.4.1.1 Market Trends
    9.4.1.2 Market Forecast
  9.4.2 Mexico
    9.4.2.1 Market Trends
    9.4.2.2 Market Forecast
  9.4.3 Others
    9.4.3.1 Market Trends
    9.4.3.2 Market Forecast
9.5 Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
  14.3.1 ABB Ltd
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
    14.3.1.3 Financials
    14.3.1.4 SWOT Analysis
  14.3.2 Banner Engineering Corp.
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
  14.3.3 Emerson Electric Co.
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
    14.3.3.3 Financials
    14.3.3.4 SWOT Analysis
  14.3.4 Honeywell International Inc.
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
    14.3.4.3 Financials
    14.3.4.4 SWOT Analysis
  14.3.5 IDEC Corporation
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
    14.3.5.3 Financials
  14.3.6 Keyence Corporation
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
    14.3.6.3 Financials
  14.3.7 Mitsubishi Electric Corporation
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
    14.3.7.3 Financials
    14.3.7.4 SWOT Analysis
  14.3.8 OMRON Corporation
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
    14.3.8.3 Financials
    14.3.8.4 SWOT Analysis
  14.3.9 Pilz GmbH & Co. KG
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio
  14.3.10 Rockwell Automation Inc.
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio
    14.3.10.3 Financials
    14.3.10.4 SWOT Analysis
  14.3.11 Schneider Electric SE
    14.3.11.1 Company Overview
    14.3.11.2 Product Portfolio
    14.3.11.3 Financials
    14.3.11.4 SWOT Analysis
  14.3.12 Sick AG
    14.3.12.1 Company Overview
    14.3.12.2 Product Portfolio
  14.3.13 Siemens AG
    14.3.13.1 Company Overview
    14.3.13.2 Product Portfolio
    14.3.13.3 Financials
    14.3.13.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Machine Safety Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Machine Safety Market Forecast: Breakup by Implementation (in Million US$), 2023-2028
Table 3: Global: Machine Safety Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 4: Global: Machine Safety Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
Table 5: Global: Machine Safety Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Machine Safety Market: Competitive Structure
Table 7: Global: Machine Safety Market: Key Players


LIST OF FIGURES

Figure 1: Global: Machine Safety Market: Major Drivers and Challenges
Figure 2: Global: Machine Safety Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Machine Safety Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Machine Safety Market: Breakup by Implementation (in %), 2022
Figure 5: Global: Machine Safety Market: Breakup by Component (in %), 2022
Figure 6: Global: Machine Safety Market: Breakup by End Use Industry (in %), 2022
Figure 7: Global: Machine Safety Market: Breakup by Region (in %), 2022
Figure 8: Global: Machine Safety (Individual Components) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Machine Safety (Individual Components) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Machine Safety (Embedded Components) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Machine Safety (Embedded Components) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Machine Safety (Presence Sensing Safety Sensors) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Machine Safety (Presence Sensing Safety Sensors) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Machine Safety (Emergency Stop Devices) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Machine Safety (Emergency Stop Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Machine Safety (Safety Interlock Switches) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Machine Safety (Safety Interlock Switches) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Machine Safety (Safety Controller/Modules/Relays) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Machine Safety (Safety Controller/Modules/Relays) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Machine Safety (Other Components) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Machine Safety (Other Components) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Machine Safety (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Machine Safety (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Machine Safety (Electronics and Semiconductors) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Machine Safety (Electronics and Semiconductors) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Machine Safety (Food and Beverages) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Machine Safety (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Machine Safety (Healthcare and Pharmaceuticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Machine Safety (Healthcare and Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Machine Safety (Metals and Mining) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Machine Safety (Metals and Mining) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Machine Safety (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Machine Safety (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Machine Safety (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Machine Safety (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: North America: Machine Safety Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: North America: Machine Safety Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: United States: Machine Safety Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: United States: Machine Safety Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Canada: Machine Safety Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Canada: Machine Safety Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Asia-Pacific: Machine Safety Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Asia-Pacific: Machine Safety Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: China: Machine Safety Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: China: Machine Safety Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Japan: Machine Safety Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Japan: Machine Safety Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: India: Machine Safety Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: India: Machine Safety Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: South Korea: Machine Safety Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: South Korea: Machine Safety Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Australia: Machine Safety Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Australia: Machine Safety Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Indonesia: Machine Safety Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Indonesia: Machine Safety Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Others: Machine Safety Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Others: Machine Safety Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Europe: Machine Safety Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Europe: Machine Safety Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Germany: Machine Safety Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Germany: Machine Safety Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: France: Machine Safety Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: France: Machine Safety Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: United Kingdom: Machine Safety Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: United Kingdom: Machine Safety Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Italy: Machine Safety Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Italy: Machine Safety Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Spain: Machine Safety Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Spain: Machine Safety Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Russia: Machine Safety Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Russia: Machine Safety Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Others: Machine Safety Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Others: Machine Safety Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Latin America: Machine Safety Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Latin America: Machine Safety Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Brazil: Machine Safety Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Brazil: Machine Safety Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Mexico: Machine Safety Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Mexico: Machine Safety Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Others: Machine Safety Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Others: Machine Safety Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Middle East and Africa: Machine Safety Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Middle East and Africa: Machine Safety Market: Breakup by Country (in %), 2022
Figure 84: Middle East and Africa: Machine Safety Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Global: Machine Safety Industry: SWOT Analysis
Figure 86: Global: Machine Safety Industry: Value Chain Analysis
Figure 87: Global: Machine Safety Industry: Porter's Five Forces Analysis


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